Evolve ETFs announced Oct. 12 that it has filed a preliminary prospectus with the Canadian securities regulators for the Evolve Active Global Fixed Income ETF (EARN).

EARN is an actively managed exchange traded fund that invests primarily in global debt securities of corporate issuers. Evolve ETFs has appointed Allianz Global Investors (AllianzGI) as sub-advisor for EARN.

"We are very pleased to partner with Allianz Global Investors, one of the world's leading active investment managers," said Raj Lala, President & CEO of Evolve ETFs. "Advisor and investor appetites for active management in fixed income continues to grow with an emphasis on security selection, credit analysis and risk management. Last year 40% of all Canadian fixed income ETF inflows were into active ETFs. AllianzGI provides extensive global resources and investment expertise, as fixed income securities continue to be a core component of investor portfolios."

Expanding in the Canadian market

"The opportunity to expand our presence in the Canadian market through this partnership with Evolve ETFs feels both well-timed and well-matched," said David Newman, Head of Global High Yield at AllianzGI. "While Evolve has deep knowledge of the Canadian ETF market that we have been looking to break into, AllianzGI brings decades of experience across credit markets, and a team that has been a pioneer of global fixed income. Together, we can create a strong foothold in Canada with active management being the driving force that aligns us in sub-advising our first active ETF and delivering value to financial advisors and Evolve's clients.